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Descartes Systems Group Inc crosses below 20-day moving average

Descartes Systems Group Inc closed sharply lower Tuesday, dropping $0.46 or 2.39% to $18.81 and crossing below its 20-day moving average. Shares have lost 2.39% over the last five days, but sit 4.23% below their 52-week high. This security has outperformed the S&P TSX by 14.56% during the last year.

About

The Descartes Systems Group Inc. (Descartes) is a global provider of federated network and global logistics technology solutions that help its customers make and receive shipments

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and manage related resources. The Company’s network-based solutions, which primarily consist of services and software, connect people to their trading partners and enable business document exchange (bookings, bills of lading and status messages); regulatory compliance and customs filing; route and resource planning, execution, monitoring and reporting; inventory and asset visibility; rate and transportation management, and warehouse operations. Its pricing model provides its customers solutions either on a perpetual license, subscription or transactional basis. In April 2014, the Company acquired Computer Management USA. In June 2014, the Company acquired Customs Info LLC.

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